Turnover crosses LKR 7 Bn

The ASPI closed in green as a result of price gains in counters such as Melstacorp, National Development Bank and Central Finance Company with the turnover crossing Rs. 7.0 Bn. A

similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Harischandra Mills, Hayleys and Swadeshi Industrial Works.

Mixed interest was observed in National Development Bank, Pan Asia Banking Corporation and Access Engineering whilst retail interest was noted in Renuka Agri Foods, Prime Lands Residencies and LOLC Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

During the month, the ASPI and the S&P SL 20 gained 7.7% and 11.9% respectively, whilst recording an average turnover of Rs. 2.76 Bn.

The Banking sector was the top contributor to the market turnover (due to National Development Bank, DFCC Bank and Pan Asia Banking Corporation) whilst the sector index edged up by 0.07%. The share price of National Development Bank gained Rs. 2.80 (3.30%) to close at Rs. 87.60. The share price of DFCC Bank recorded a gain of Rs. 0.70 (0.83%) to close at Rs. 85.10. The share price of Pan Asia Banking Corporation appreciated by Rs. 1.00 (4.17%) to close at Rs. 25.00. Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Harischandra Mills) whilst the sector index increased by 0.67%. The share price of Harischandra Mills closed flat at Rs. 4,040.50.

Hayleys was also included amongst the top turnover contributors. The share price of Hayleys moved up by Rs. 2.00  (1.92%) to close at Rs. 106.00.